Les relations de coopération inter entreprises ont connu un essor important depuis les années 1990. Pourtant, les partenaires et concurrents dans le partage des fruits de leur coopération, peinent à maintenir des relations de long terme. La littérature insiste donc sur la nécessité de...

Value based management was considered as the major managerial innovation of the nineties: managers were to supposed to be turned into owners through redesigned compensation packages including value creation metrics such as EVA and the like, increased influence of shareholders on firms’...

This paper analyses the relationship between diversification strategy, firm's market-based performance measured in terms of the risk-return trade-off and value creation. Results from a sample of 41 French industrial diversified firms indicate that unrelated strategy yields a better risk-return...

Unsatisfied with the dominating shareholders'view, that we find unfitted to build a relevant theory of corporate governance, we propose an enlarged definition of the value which may be called, the stakeholder value. This definition and the associated measure are supposed to be more fitted to the...

This article tries to explain the influence of privatization on the decision making process, especially in terms of investments through the corporate governance theory. In this perspective we suggest a conceptual framework based on the analysis of disciplinary mechanisms and their dynamic as a...

(VF)Le groupe André a fait l’objet d’un mouvement de contestation, initié au début de l’ann ée 2000 par deux actionnaires anglo-saxons pour obtenir des postes d’administrateurs. Cette opération, inédite en France, a permis aux contestataires d’obtenir un nombre suffisant de...

(VF)Cet article expose les principaux résultats d'une étude consacrée à l'influence des stock-options sur la résolution des conflits d'agence actionnaires/dirigeants en France. Si l'attribution de stock-options semble influencer les décisions d'investissement, essentiellement dans leur...